All Forum Posts by: Chris Pastrana

@Chenel Currence hope you find everything you're looking for here!

It works out well. Especially if you find a nice community near the base. My quad stays pretty well rented because of its location to the base and the neighborhood.

If you're looking into military towns consider the larger bases that cannot be shut down. Bragg and Benning aren't going anywhere like some other bases out west.

@Kristen B. Welcome to BP! I'm currently getting my associates in Real Estate, but I didn't know places gave Masters in it, that's pretty cool. Good luck and have fun on the site!

Hey, good luck with the goal! My goal is to be retired by 45. I used to live in the North East but I now live in North Carolina. Hope you find the market you're looking for!

@Arturo Martinez Welcome to BP! Good luck starting your business.

I have found a property in NC that I think has some potential. I'm not entirely sure about the deal and would like some advice. As a new investor I wouldn't be able to handle the repairs this property needs by myself and would like to get an opinion if the are is even worth investing in.

For the size of the properties available in Red Springs, NC the prices are really low. The house I'm looking at has an asking price of 48k, but the sellers agent told me directly that the seller needs! to get rid of the property and if I offered anything he might take it at this point. She calls me every couple of weeks to see if I want to buy the place still (actually expecting a call in the next few days if she holds to her pattern). He's motivated.

The house is 3,500+ sq feet and for the price (Probably in the 30,000 range) it's not bad. Problem is the place needs a lot of work. I believe it was built in the early 1900's (1918 area) and would need a lot of work to bring it up to code and fix the house. Comps in the area are okay at 150k but I don't know it that would be worth the repairs (I haven't spoken to a contractor to get an estimate).

All of the big investors that I've met in NC are in Fayetteville, Sanford, raleigh, cary, etc. and I haven't met anyone who flips this far south in the state. Any thoughts? I know a cheap deal doesn't mean a good deal but it could still make a decent flip, depending on the repair estimate.

@Kenneth Hynes I agree with you. My quadplex has been doing well and I think renting as a whole is doing well there. Even with the downsize of the military the base is still enormous because other posts have been shut down and they transfer them to Bragg or other large bases.

I'm not sure about flipping in the area but I can only guess flippers are doing well also.

I'm going to continue buying properties and expanding in the area because the next war will make sure there are plenty of renters looking for properties.

I was asked a question today while I was on guard (Currently in Afghanistan) and to keep the whole conversation shorr the main point of it was if Fayetteville is a good market to invest in, or was the place downsizing and all the buyers leaving (due to the military downsize). What do the local investors think? Personally I don't see the area being a problem but now I'm curious. Thanks for your time.

@Margaret McCoon I'm not from Raleigh but I am starting to invest in Fayetteville which is close by. Welcome to Bigger Pockets and I wish you luck!